Abbey aims high for annual premiums

Abbey wants to more than double its annual-premium pension and investment business to over £2bn in the next 18 months. It is seeking to increase its number of branch-based advisers from 350 to about 750.

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Safe Home Income Plans has revealed the total value of new business written in Q2 2006 was 262.8 million, a drop of 5.8 per cent on Q1 2006 income.But the figures were 0.75 per cent ahead of Q2 2005, which stood at 260.9m. Ship adds that, year on year, the number of new cases has […]

The director of the Association of British Insurers’ Raising Standards initiative, Martin Shaw, has left the organisation. Director of consumer strategy George Hodgson is heading the customer impact scheme, which has replaced Raising Standards. Shaw is now a freelance consultant.

The Financial Services Authority has today publicly reprimanded a mortgage broker and published a ‘statement of misconduct’ for failing customers.In the first such disciplinary case against a senior manager of a mortgage and general insurance broker, Steven Leslie Davis was found to have “fallen well below acceptable standards in the way that he carried out […]

David Cameron has called on Tony Blair to explain how the Government got its home information pack proposals so wrong as the Tories demand that the scheme is scrapped altogether. The Conservative leader used Prime Minister’s questions to attack Blair after the home condition report U-turn, asking how housing minister Yvette Cooper can warn of […]

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]

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HM Revenue & Customs has published guidance on how new income tax bands in Scotland will affect pension schemes and their members. The note is a response to the Scottish Government’s confirmation it will introduce five income tax bands for 2018/19. Pension savers in Scotland currently receive pension tax relief at their marginal rate but […]

SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. SimplyBiz joint group chief executive Matt Timmins confirms the business has recently appointed Zeus Capital as […]

Brewin Dolphin has been ranked the preferred DFM in a Money Marketing survey of advisers and paraplanners, well ahead of the next most favoured, Quilter Cheviot. Thirty-three per cent of respondents listed the business as their preferred DFM, followed by 10.2 per cent responding in favour of Quilter Cheviot. LGT Vestra, Brooks Macdonald and Parmenion […]